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The Drive, Gosforth, Newcastle upon Tyne

North East

£895,000
Listed on 24/04/2026

Property Details

Bedrooms
4
Type
Semi Detached
Area
2799 sqft

Description

This substantial semi-detached family home, built in the 1930s, presents a unique opportunity for renovation and personalization. Spanning approximately 2,800 sq ft, the property is being offered to the market for the first time in over half a century. Located on one of Gosforth's most sought-after streets within a Conservation Area, it boasts proximity to local amenities including Gosforth High Street and excellent schools. The generous layout features four double bedrooms and three reception spaces that offer ample potential for modernization while retaining original character elements like oak parquet flooring. A welcoming entrance lobby leads into a spacious reception hall with access to a convenient ground floor WC. The principal reception room at the rear opens out to an expansive south-facing garden via sliding patio doors, with additional living space that connects seamlessly to the kitchen fitted with quality maple cabinetry. Upstairs, a wide landing gives access to all four bedrooms, including a large principal suite with en-suite facilities and views over the garden. A newly installed walk-in shower room enhances practicality for modern living. The loft space also holds potential for further development pending necessary planning approvals. Externally, the property benefits from off-street parking, an attached garage, and an impressive rear garden that stretches nearly 0.2 acres—one of the largest on this prestigious road. The garden is beautifully landscaped but could be further enhanced or redesigned according to your vision. This property offers immense scope for those looking to invest in a remarkable family home in central Gosforth—a rare find indeed.

Investment Analysis

(NE3 area)

Above Market Value

This property is priced +28.1% above area average per sq ft

+28.1%
This Property
£320/sq ft
Area Average
£250/sq ft
Avg Rent (weekly)
£244
Avg Yield
5.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£768,801
10% above area average per sq ft
Potential ROI
-22.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
59
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (NE3)

Area prices are falling by -2.2% over the last 12 months
3 year growth: +14.4%
5 year growth: +9.3%
Investment Disclaimer: Analysis based on NE3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

The Drive, Gosforth, Newcastle upon Tyne
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£3,170
Based on a loan of £671,250 over 30 years at 3.91% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp Duty Calculator

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